An Act relative to secure choice retirement savings plan

HD 895 creates a state-run retirement savings program (Secure Choice) for private-sector workers in Massachusetts. It requires eligible employers (non-government businesses with employees working 750+ hours annually) to automatically enroll workers in a retirement plan unless the employer already offers a qualified plan or payroll deduction IRA. Key mechanisms include automatic enrollment with an opt-out option, default contribution rates set by the Board, and two program types: IRAP (individual accounts) and MERP (multiple-employer plans). The program is designed to be ERISA-exempt and professionally managed, with contributions made via payroll deductions. This directly affects private employers and their eligible employees who don't already have access to a retirement plan through their employer.